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Cadogan Petroleum more than doubles production revenue in first half

Guido Michelotti, chief executive of Cadogan Petroleum PLC (LON:CAD), tells Proactive first-half losses narrowed even though revenue fell due to a decline in gas trading.

Revenue from production at the Ukraine-focused firm more than doubled in the period.

For the six months to June 30, the AIM-listed firm reported a pre-tax loss of US$2.0mln, down from a US$3.1mln loss a year earlier.

Quick facts: Cadogan Petroleum PLC

Price: 2.75 GBX

LSE:CAD
Market: LSE
Market Cap: £6.71 m
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